Title: AN ACT TO AUTHORIZE THE CITY OF VICKSBURG, MISSISSIPPI, TO INCUR INDEBTEDNESS IN AN AMOUNT NOT TO EXCEED $16,000,000.00 FOR THE PURPOSE OF CONSTRUCTING AND/OR IMPROVING A FACILITY AND NECESSARY INFRASTRUCTURE FOR A TOURIST ORIENTED ENTERPRISE; TO REQUIRE THE CITY OF VICKSBURG TO IMPOSE A 2% SALES TAX ON ALL RETAIL SALES AT TOURIST ORIENTED ENTERPRISES LOCATED IN THE CITY PRIOR TO INCURRING SUCH DEBT; TO REQUIRE THE REVENUE COLLECTED FROM SUCH SALES TAX TO BE USED TO PAY FOR THE COSTS INCURRED IN CONSTRUCTING AND/OR IMPROVING SUCH FACILITIES OR NECESSARY INFRASTRUCTURE AND OTHER COSTS RELATED TO THE DEVELOPMENT OF THE TOURISM ORIENTED ENTERPRISE, INCLUDING, BUT NOT LIMITED TO, LAND ACQUISITION, SITE PREPARATION, ENGINEERING FEES, ARCHITECTURAL FEES AND DEVELOPER'S FEES; AND FOR RELATED PURPOSES.

Information pertaining to this measure was last updated on 04/07/03 at 16:12.